BRIEF: CPE to invest $350 million to take control of Burger King China
Fast food giant Burger King’s parent, Restaurant Brands International (QSR.US), and Chinese private equity firm CPE announcedon Monday that they will form a joint venture, Burger King China, aimed at…
BRIEF: Softcare jumps in trading debut in heavily oversubscribed IPO
Shares of leading African diaper seller Softcare Ltd. (2698.HK) opened 33.5% higher in their Hong Kong trading debut on Monday, and retained most of the gains to close up 31.5% at…
BRIEF: Autohome’s profit dips slightly in third quarter
Car-trading services provider Autohome Inc. (2518.HK; ATHM.US) on Thursday reported its revenue was flat year-on-year at 1.78 billion yuan ($250 million) in the third quarter, while its profit edged down 1.5%…
BRIEF: Starbucks sells 60% of China business to Boyu Capital at $4 billion valuation
U.S. coffee chain giant Starbucks Corp. (SBUX.US) announced on Monday that it has reached an agreement with Chinese private equity major Boyu Capital to form a joint venture that will…
BRIEF: BYD car sales fall 12% year-on-year in October
New energy vehicle (NEV) maker BYD Co. Ltd. (1211.HK, 002594.SZ) said on Sunday that it sold 441,706 vehicles in October, down 12% year-on-year. Its sales of plug-in hybrid vehicles plunged…
BRIEF: Haier Smart Home profit climbs 13% in third quarter
Appliance maker Haier Smart Home Co. Ltd. (6690.HK; 600690.SH; 690D.DE) announcedon Thursday its revenue rose 9.5% year-on-year during the third quarter to 77.56 billion yuan ($10.89 billion), while its net…
BRIEF: African diaper king Softcare to raise up to $300 million in IPO
Leading African diaper seller Softcare Ltd. (2698.HK) launched its Hong Kong IPO on Friday, aiming to sell 90.88 million shares for HK$24.20 to HK$26.20 apiece to raise up to HK$2.38…
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